Newmont Co. (TSE:NGT - Get Free Report) has earned an average rating of "Moderate Buy" from the ten analysts that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$62.50.
NGT has been the topic of a number of research reports. The Goldman Sachs Group raised shares of Newmont to a "strong-buy" rating in a research report on Monday, January 13th. National Bankshares increased their price objective on Newmont from C$75.00 to C$80.00 and gave the company a "sector perform" rating in a report on Wednesday, March 19th. National Bank Financial raised shares of Newmont to a "hold" rating in a research report on Friday, March 21st. Finally, Citigroup reduced their price target on Newmont from C$66.00 to C$45.00 and set a "buy" rating for the company in a report on Monday, December 23rd.
Check Out Our Latest Report on NGT
Newmont Stock Down 7.5 %
Shares of TSE:NGT traded down C$5.09 during midday trading on Wednesday, reaching C$63.00. 467,605 shares of the company were exchanged, compared to its average volume of 213,477. The firm has a market cap of C$50.11 billion, a PE ratio of -41.62, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. Newmont has a fifty-two week low of C$50.27 and a fifty-two week high of C$81.16. The stock has a fifty day simple moving average of C$64.97 and a two-hundred day simple moving average of C$64.06.
About Newmont
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Get Free ReportNewmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.
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